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Globe and Mail - Business • 2026-09-04
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The Bank of Canada has maintained its key interest rate at 2.25%, but global bond yield increases, influenced by trade war concerns and inflation, are driving up fixed mortgage rates above 4%. This rise in fixed rates, coupled with trade war uncertainties, is contributing to a slowdown in the Toronto housing market, with sales falling in August after a prior rebound. Meanwhile, downtown Toronto is experiencing a significant return to office, revitalizing the corporate real estate market.
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Latest news
Globe and Mail - Business • 2026-09-04
The Bank of Canada has maintained its key interest rate at 2.25%, but global bond yield increases, influenced by trade war concerns and inflation, are driving u
Globe and Mail - Business • 2026-09-02
The Bank of Canada maintained its policy interest rate at 2.25%, citing economic uncertainty from trade negotiations as a key factor despite positive GDP and em
Globe and Mail - Business • 2026-09-02
The Bank of Canada maintained its benchmark interest rate at 2.25%, citing concerns over inflationary pressures from rising oil prices as more significant than